Switzerland property market in a boom not a bubble

According to the UBS Swiss Real Estate Bubble Index, while the Switzerland property market is clearly booming, a bubble is not being formed.
The index, which was launched by UBS Wealth Management Research Switzerland, indicates that a bubble could be forming when it goes above 1. The index showed 0.63 in the first quarter of this year. To quantify this; the index went up to 2.5 in the early nineties, which is when the Swiss property market was at the height of its last bubble said UBS……………………………………….Full Article: Source